PUBLISHER: Allied Market Research | PRODUCT CODE: 1414922
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414922
According to a new report published by Allied Market Research, titled, "Household Insecticides Market," The household insecticides market was valued at $15.2 billion in 2022, and is estimated to reach $31.1 billion by 2032, growing at a CAGR of 7.5% from 2023 to 2032.
Government initiatives promoting the use of insecticides in households are poised to be a significant driver of the household insecticides market. Recognizing the public health risks associated with vector-borne diseases and the importance of effective pest control, governments globally are increasingly implementing campaigns and regulations to encourage the use of insecticides. These initiatives often include public awareness programs educating citizens about the health hazards posed by insects and the benefits of using household insecticides. In addition, regulatory measures may be put in place to ensure the availability and proper use of approved insecticide products. Such governmental support not only increases consumer awareness but also fosters a conducive environment for market growth by instilling a sense of responsibility in households to adopt insecticide solutions.
The household insecticide market faces a notable restraint in the form of growing popularity and adoption of alternative pest control methods. There has been a discernible shift in preferences towards alternative solutions that are perceived as safer and more sustainable as consumers become increasingly environment-conscious and more aware of health. This trend includes a spectrum of options, including natural and organic insecticides, ultrasonic devices, and integrated pest management strategies. The appeal of these alternatives lies in their reduced environmental impact, diminished reliance on potentially harmful chemicals, and a perception of being more harmonious with overall well-being. Consequently, this evolving consumer mindset poses a challenge for traditional household insecticides, compelling manufacturers to navigate a landscape where innovative, eco-friendly solutions are gaining traction, thereby shaping the competitive dynamics of the market.
The household insecticides market is poised for substantial growth, driven by advancements in release technologies. Innovative formulations and delivery methods are revolutionizing the efficacy and convenience of insecticide applications. The development of controlled-release technologies, such as microencapsulation and nanotechnology, enhances the longevity and targeted delivery of active ingredients. This ensures a prolonged and sustained impact on pests, reducing the frequency of reapplication and enhancing overall effectiveness. Moreover, smart and automated dispensing systems, including sensor-driven devices and Internet of things (IoT) integration, are gaining prominence. These technologies enable precise and timely insecticide release based on real-time pest detection or environmental conditions, providing a proactive approach to pest control. Thus, advancement in insecticide release technologies offers lucrative opportunities for the household insecticides market.
The household insecticides market is segmented on the basis of product type, composition, application, and region. By product type, the market is divided into sprays, aerosols, coils, electric vaporizers, creams and lotions, baits and traps, powders and granules, and others. By composition, it is categorized into natural and synthetic. By application, it is categorized into mosquitoes, flies, cockroaches, ants, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global household insecticides market include FMC Global Specialty Solutions, S. C. Johnson & Son, Inc., Dabur India Ltd., Neogen Corporation., Spectrum Brands, Inc., Shogun Organics, Amplecta AB, Reckitt Benckiser Group PLC, Jyothy Laboratories Ltd., and Sumitomo Chemical India Ltd.
Other players include BASF SE, Bayer AG, Jaico RDP NV., Earth Chemicals Co. Ltd., The Scotts Miracle-Gro Co., Enesis Group, Godrej Consumer Products Ltd., Sanmex International, Gharda Chemicals Ltd., Natural Insecto Products Inc., Walco-Linck Company and Zapi SpA.
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